Anonymous ID: a01b78 Feb. 14, 2019, 6:45 p.m. No.5180384   🗄️.is đź”—kun

http://fortune.com/2019/02/14/amazon-doesnt-pay-federal-taxes-2019/

Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits

 

Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00.

 

According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won’t have to pay a cent in federal taxes for the second year in a row.

 

This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018.

 

To top it off, Amazon actually reported a $129 million 2018 federal income tax rebate—making its tax rate -1%.

 

Amazon’s low (to non-existent) tax rate has been chided by politicians ranging from Senator Bernie Sanders to President Trump